News Centre

CFTC: Federal Court Orders Washington Rancher To Pay $1 Million Penalty For Phantom Cattle Scheme, Position Limit Violations

Date 05/06/2023

The Commodity Futures Trading Commission today announced Chief Judge Stanley A. Bastian of the U.S. District Court for the Eastern District of Washington issued an order granting a permanent injunction against Cody Easterday and requiring him to pay a $1 million civil monetary penalty in connection with a phantom cattle fraud scheme. In a parallel criminal action, Easterday previously was sentenced to 11 years in prison and ordered to pay $244 million in restitution. [United States v. Easterday, No. 21-cr-6012-SAB (E.D. Wash.)]

EBA Publishes Final Draft Technical Standards Specifying The Data Collection For The Benchmarking Exercise In 2024

Date 05/06/2023

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on the benchmarking of credit risk, market risk and IFRS9 models for the 2024 exercise. The most significant change, compared to the data collection of 2023, is the roll out for the benchmarking of accounting metrics (IFRS9) to high default portfolios (HDP). For market risk, new templates are added for the collection of additional information, notably the Default Risk Charge (DRC) and the Residual Risk Add-On (RRAO). For credit risk, only minor changes have been made.   

Number Of Investors In Fixed Income Grows 34% And In Equities 23% In 12 Months At B3 - Total Number Of Investors Reaches 17.6 Million. Amount In Custody Reaches BRL 2.2 Trillion

Date 05/06/2023

The volume invested in fixed income products has risen due to a high SELIC base rate in the past 12 months. The amount reached almost BRL 1.8 trillion at the end of the first quarter of 2023, up 42% on the same period last year. During these 12 months, fixed income attracted 4 million new investors, bringing the total number of this type of investor to 15.3 million.

Swiss Stock Exchange: Extraordinary Index Adjustments

Date 05/06/2023

Following the takeover of Credit Suisse Group AG, SIX will carry out an extraordinary adjustment to the index composition of SMI, SLI, SMIM and SPI indices. The affected indices will be adjusted on 13 June 2023.

SEC Files 13 Charges Against Binance Entities And Founder Changpeng Zhao - Charges Include Operating Unregistered Exchanges, Broker-Dealers, And Clearing Agencies; Misrepresenting Trading Controls And Oversight On The Binance.US Platform; And The Unregistered Offer And Sale Of Securities.

Date 05/06/2023

The Securities and Exchange Commission today charged Binance Holdings Ltd. (“Binance”), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (“BAM Trading”), which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations.

BIS: Project Leap Proves The Viability Of A Quantum-Safe Financial System

Date 05/06/2023

• The BIS Innovation Hub Eurosystem Centre, Banque de France and Deutsche Bundesbank successfully set up a quantum-safe communication channel that shields financial data. 
• Project Leap addresses the threat that future quantum computers represent to today's cryptographic algorithms, and thereby to the confidentiality of financial data. 
• The experiment's success paves the way for the partners to build a complete chain of trust for central bank applications, acting as a blueprint for the financial system.

US Treasury Sanctions Russian Intelligence-Linked Malign Influence Actors Targeting Moldova

Date 05/06/2023

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated seven leading members of a Russian intelligence-linked malign influence group for their role in the government of the Russian Federation’s destabilization campaign and continued malign influence campaigns in Moldova. An entity owned or controlled by one of these individuals has also been designated.

Finansinspektionen: Reciprocation Of Norwegian Systemic Risk Buffer

Date 05/06/2023

Finansinspektionen has reciprocated the Norwegian systemic risk buffer.

May 2023 Figures At Eurex

Date 05/06/2023

• Repo volumes doubled to nearly EUR 400 billion
• Strongest growth in daily GC Pooling with volumes rising 142 percent in May y-o-y
• Notional outstanding in OTC Clearing up 27 percent

Dream Exchange, First Minority Owned Stock Exchange Releases Anthem, "Dream Again"

Date 05/06/2023

Dream Exchange is pleased to announce the release of its anthem, "Dream Again" created by internationally acclaimed musician and saxophonist Mike Phillips. This upbeat and inspiring song captures the spirit of Dream Exchange's goal to better serve all people using the power of our financial system by expanding access to a purpose-driven capital market that instills trust, humanity, and fairness into finance.